Sea
German container shipping line Hapag-Lloyd reported first quarter first quarter earnings up 17 percent, while forecasting lower earnings expectations for 2025.
Operating profit jumped 24 percent, to US$500 million in the first quarter, while revenue rose nearly 19 percent to US$5.1 billion. Strong demand pushed transport volume and average freight rates up 9 percent to 3.3 million TEUs carried and US$1,480 per TEU, respectively.
It was the third-best operating result in company ...
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Drewry Supply Chain Advisors, the ocean freight cost benchmarking and procurement support division of Drewry Shipping Consultants, said it is significantly expanding lane coverage within its flagship spot market ocean freight rate benchmarking service, Container Freight Rate Insight, or CFRI.
The London-based maritime research and consultancy ...
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GEODIS said it has signed a cooperation agreement with DOLFINES to develop and market a port-based version of a high-capacity lifting device dedicated to floating offshore wind projects.
Through its subsidiary Sealogis, GEODIS will support DOLFINES – an engineering company specializing in energy industry solutions – ...
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TT Club, the international freight transport insurer, is raising awareness the increasing prevalence of credit fraud over the last 12 months.
Fraudulent strategies can be extremely lucrative for international criminals and the global supply chain is typically low-risk due to the remote nature of the actual ...
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The Port of Long Beach has been the busiest port in the U.S. the last six months, as imports surged ahead of anticipated tariffs.
Dockworkers and terminal operators moved 817,457 twenty-foot equivalent units last month, or TEUs, up 25 percent from March 2024. Imports grew 25.8 ...
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Countries in the United Nations’ International Maritime Organization struck a deal April 11 in London on a global fuel emission standard for the maritime sector that will wield a stick against violators and a carrot for vessels burning cleaner fuels, Reuters reported.
A majority of countries ...
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A Senate bill was reintroduced April 10 that would establish a “unified, federal response” to the rampant spread of cargo theft by criminals who often operate across state and international borders.
The Combating Organized Retail Crime Act, reintroduced by Senate Judiciary Committee Chairman Chuck Grassley (R-Iowa) ...
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The Port of Corpus Christi moved a record 51.3 million tons of commodities through the ship channel in the first quarter, a 5 percent increase over the year earlier, and driven primarily by increases in crude oil and liquefied natural gas, or LNG, shipments.
The result ...
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The U.S. Department of Transportation’s Great Lakes St. Lawrence Seaway Development Corp., or GLS, opened its 67th navigation season on March 25.
GLS joined partner the Canadian St. Lawrence Seaway Management Corp., or SLSMC, at a ceremony for the opening of the binational waterway, which took ...
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New logistics software provider Emerger on April 8 announced the launch of an all-in-one cloud-based project logistics software platform to empower logistics professionals to save time, increase productivity, and reduce operational cost.
Emerger utilizes technology to streamline communication and transactions between shippers and logistics service providers ...
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